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Seaview Capital Secures $34.5M Refinance Loan For Northridge Multifamily Property

Property Image
FINANCED
$34,500,000
Max Mraz
Brooke Hinkel
Marc Schillinger

California

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MultiFamily154,838 SF
Financed 09/29/2022
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Property Image
FINANCED

Seaview Capital Secures $34.5M Refinance Loan For Northridge Multifamily Property

9810 Zelzah Ave

See Similar Deals
MultiFamily154,838 SF
Financed 09/29/2022
Max Mraz
Brooke Hinkel
Marc Schillinger
the dealplayerscompscontact
Contact now

Summary

CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$222
Total Square Footage:154,838 SF
Transaction Type:Loan

The property involved in this transaction is a multifamily asset located at 9810 Zelzah Ave in Northridge, CA. It consists of 150 units with a total square footage of 154,838. The property is owned by Seaview Capital, a notable landlord in the area.

Summary of transation details

  • Property Type: Multifamily
  • Transaction Amount: $34,500,000.00
  • Loan Type: Refinance
  • Loan Terms: 10 year fixed rate, 5 years IO, 3.85%

The loan amount for this transaction is $34,500,000.00. It is a refinance loan with a term of 10 years, featuring a fixed interest rate. The first 5 years of the loan will be interest-only. The interest rate for the loan is 3.85%.

JLL's brokers Marc Schillinger, Max Mraz, and Brooke Hinkel represented the parties involved in this deal. They assisted in securing the loan and facilitating the refinancing process for Seaview Capital.

Players

Marc Schillinger
JLL
Marc Schillinger
49 deals$2.2B volume
BROKER
Max Mraz
JLL
Max Mraz
13 deals$452.3M volume
BROKER
Brooke Hinkel
JLL
Brooke Hinkel
9 deals$463.9M volume
BROKER
SC
Seaview Capital
LANDLORD

Details

FINANCED
IMAGE: Marc Schillinger, Max Mraz & Brooke Hinkel DATE: 09/29/2022 ADDRESS: 9810 Zelzah Ave MARKET: Northridge, CA ASSET TYPE: Multifamily ~ UNITS: 150 ~ SF: 154,838 LANDLORD: Seaview Capital BROKERS: Marc Schillinger, Max Mraz & Brooke Hinkel - JLL LOAN AMOUNT: $34,500,000.00 LOAN TYPE: Refinance LOAN TERMS: 10 year fixed rate, 5 years IO, 3.85%

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$34,500,000.00

Monthly NOI$230,000.00
Monthly Debt Service$218,063.47
Change in Cash Flow$0.00
Refinance Proceeds$0.00